Puts Purchased on KB Home (KBH)

Shares of KB Home

are lower on the session by 0.27%, currently trading at $11.16. The stock has been moving largely lower over the past six months, off from a recent high near $20.00. Options traders are buying puts on the name today. A short while ago the November $10.00 put was purchased 5,100 times, on the offer, on open interest of only 681 contracts. This signals new positioning on the name. Overall put volume is now running at 2.97x the daily average, 82% on the offer. KB Home operates a homebuilding and financial services business serving homebuyers in markets nationwide. It constructs and sells homes through its operating divisions across the United States under the name KB Home.